In this episode we discuss the Real Estate Professional tax status. What is a real estate professional? What is it not? And when can (and should) you use this tax status to your advantage.

We define what a Real Estate Professional is and how to qualify. We also launch into a couple examples of great times to use the Real Estate Professional status. Non-working spouses and cost segregation studies will allow us to qualify for the Status and maximize single year write-offs.

We also discuss how you should track your time to audit proof your return.

Enjoy!

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The Tax Smart Real Estate Investors Podcast is the only real estate podcast that cuts through the fluff and explores hard topics like accounting and tax. Every week, your hosts Brandon Hall and Thomas Castelli bring new episodes featuring special guests and going over tax tips that will save you money. By taking what you learn and applying it to your real estate investing, you'll increase profitability, streamline systems, and reduce your tax liability.

8. The Real Estate Professional Status

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